Occupier Edge_Ed.5_US_0124

KEY POINTERS FOR (RE)DEVELOPING WORKSPACE WITH AN EYE TOWARDS THE FUTURE

A BRAVE NEW WORLD There will be no loyalty to new office supply. Buildings must be flexible to adapt to changes, meet the lifestyle needs of its permanent and transient occupants, and successfully meld physical and digital spaces. There will be a greater variety of options as organizations will require diverse, activity-based workspaces that are needed to attract and keep the right people. Workplace monitoring continuously assesses how people work and what they need from the space now, physically and emotionally. Spaces will have to become more fluid and dynamically configurable; 3D printing will emerge to be the perfect answer to revolutionize office fit-outs, highly customizable and easily recycled. Leases will encompass both the use of fixed and temporary spaces, with co-working concepts evolving to be a staple. With the demand for space turning more fluid, occupiers will want the smallest amount of space with commitments not exceeding the hour. While any attempt to foretell the future will almost always fall short, the changes envisioned have already been set in motion. Rapid advances in smart building and digital technologies will invariably compress the life cycle of office buildings, posing a challenge to landlords to maintain performance as their assets age. The emergence of co-working concepts – the single biggest disruptor in the office real estate industry – shows how demand for office space can be shaped in the future. In all probability, that future is now.

EMPLOYEE EXPERIENCE

Negotiating floor areas based on on-time demand for space or desks/rooms.

Parking space requirements are significantly reduced in a driverless city.

Measure how assets perform in use. Not only from a financial return on investment but from a societal, cultural and human perspective.

Digital Security Concierge checks via face recognition to secure the building when people walk in and out all day long.

In-house Tech Expert. Stay on top of the latest tech innovations, implement and stay attractive to your users. Use business intelligence in ways people use workplace and design spaces.

Fluid Spaces to enable human interaction. Do we still need open plan offices when people work on project basis? Moveable walls and wireless technology should become standard to be able to change the workplace settings at any time.

SIGRID G. ZIALCITA Managing Director Research and Investment Strategy, Asia Pacific sigrid.zialcita@ap.cushwake.com

WYAI KAY LAI Associate Director Research, Asia Pacific wyaikay.lai@ap.cushwake.com

Build trust with your tenants. Listen to their needs. Don’t make promises you can’t keep. And keep them up to date. Your reputation will speak for you, and negative gossip spreads even quicker in a world where everything is connected.

Facilities should address the lifestyle needs of the global diverse workforce. 24/7 cafe and gym facilities, prayer rooms and wellness spaces. All facilities should be available 24/7 as we want to be able to work, chill and eat at any hour of the day and night.

TICA HESSING Human Geographer & Urban Planner, The Netherlands tica.hessing@ap.cushwake.com

8 The Occupier Edge